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BusinessToday.In
New Delhi, November 12, 2019
Even private banks' loan growth dropped to 14 per cent from 22 per cent a year ago. PSU loan growth fell down to 5 per cent YoY from 8 per cent in Q1 despite the large recap,\" Credit Suisse said in its report


Reuters
MUMBAI/NEW DELHI, November 7, 2019
A consortium - led by Union Bank and State Bank of India - was set up to restructure DHFL's debt a month after it defaulted in June


PTI
Mumbai, November 7, 2019
Pawar said the NDA government should take a lesson from former Prime Minister and Congress veteran Manmohan Singh on how to put the economy back on track


Prasanna Mohanty
November 6, 2019
RBI flouts its own directive and defies Supreme Court to protect big corporate defaulters, putting the entire banking system at great risk, while crying foul over farmers' loan waivers - paid for by state governments and relatively inconsequential


PTI
November 1, 2019
The unions said ensuring \"proper governance in the system\" and \"removing political interference\" will address the problem of NPAs that has been weakening the financial health of the PSBs


BusinessToday.In
New Delhi, October 30, 2019
Sixteen CEOs and economists lay out a roadmap to revive the economy


BusinessToday.In
October 14, 2019
The GNPA from agriculture sector and allied activities in PSBs stood at Rs 1.04 lakh crore at the end of July 2019 as against a total credit of Rs 9.42 lakh crore.


BusinessToday.In
New Delhi, October 10, 2019
The agency has so far seized 15 cars, including Rolls Royce, and Bentley, belonging to Wadhawans; their properties in Gulf countries and the United Kingdom are also being traced


BusinessToday.In
New Delhi, October 10, 2019
The 2015 Panama Papers leaks had mentioned three offshore shell companies, Supremacy Investments, Sharecorp and Mystical International Worldwide, having links with Rakesh, Sarang and Anu Wadhawan of HDIL group


PTI
October 9, 2019
NHB made 15-per cent provisioning in 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June, the rating agency said


BusinessToday.In
October 9, 2019
PMC bank scam: The Mumbai police had arrested HDIL directors Rakesh Wadhawan and Sarang Wadhawan on Thursday last week in relation to the PMC Bank fraud. Singh was arrested on Saturday last week.


BusinessToday.In
Mumbai, October 9, 2019
Former PMC Bank chairman and HDIL promoters will be further interrogated by the Mumbai Police in relation to the Rs 4,355-crore fraud at the bank


BusinessToday.In
October 9, 2019
While the priority for the Economic Offences Wing of the Mumbai Police is to interrogate the arrested parties involved in the Rs 4,355 crore loan fraud at the Punjab and Maharashtra Co-operative (PMC) Bank, the buzz is that the findings of the auditors submitted in past financial reports may also be scrutinised as part of the investigations


PTI
September 30, 2019
PMC Bank crisis: Of the Rs 8,880-crore loan book (as of September 19, 2019) that PMC had, more than Rs 6,500 crore or over 73 per cent of the assets are with the bankrupt HDIL group only.


PTI
New Delhi, September 29, 2019
Parekh says the perception about the entire sector witnessing a slump was wrong as phenomenal sales were happening in the affordable and mid-market segment


Anand Adhikari
September 26, 2019
These violations include financial irregularities, failure of internal control and systems and under-reporting of its (lending) exposure


BusinessToday.In
New Delhi, September 26, 2019
PMC Bank crisis: Customers have also written to the RBI to revoke the restrictions made on the lender. The letter states that such a restriction will inflict great hardship on the depositors.


Niti Kiran
September 25, 2019
PMC Bank is a multi-state scheduled urban co-operative bank (UCB) with operations in Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh


BusinessToday.In
New Delhi, September 25, 2019
PMC Bank crisis: According to a report, the biggest reason behind RBI's restrictions was PMC Bank's loan of Rs 2,500 crore to now-bankrupt real estate firm HDIL.


Nevin John
Mumbai, September 22, 2019
Adi Godrej, Chairman, Godrej Group welcomed the government's corporate tax cut but said that the tax reduction will not leave so much with the companies to deeply slash prices


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